A new official document released by China's Ministry of Commerce on the afternoon of the 28th addresses the so-called "overcapacity" narrative, stating that China's modern industrial development represents a "China Opportunity 2.0" rather than a "China Shock 2.0" for the world.

The document clarifies that under globalization, the deep integration of economies and industrial interdependence makes it in the common interest of all nations to expand the global "economic pie" through mutually beneficial and pragmatic industrial and supply chain cooperation. It warns that setting up trade barriers under the pretext of "overcapacity" will only backfire.

Experts noted that focusing solely on "building walls" will only exacerbate conflicts and does not help solve the problem. Simply restricting China's capacity exports is not a rational choice for stabilizing the global industrial chain. Cross-border capacity allocation is a normal feature of the global industrial chain, and China, with its complete industrial chain and economies of scale, has become the "stable anchor" and "load-bearing wall" of the global supply chain.

Experts further argued that restricting the export of China's high-quality capacity would directly raise costs for global production and the green transition, particularly in sectors like photovoltaics and new energy vehicles, where Chinese products have significantly lowered the threshold for green transformation worldwide.